KUMI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KUMI
Largest movements
- Receivables within one year -€18,661
down €18,661 (-22.9%), from €81,399 to €62,738
of which Other amounts receivable: -€17,918
- Tangible fixed assets +€7,205
up €7,205 (+9.4%), from €76,921 to €84,126
of which Furniture and vehicles: +€8,446
- Deferred charges and accrued income -€4,421
down €4,421 (-8.3%), from €53,237 to €48,816
- Reserves -€21,372
down €21,372 (-18.1%), from €117,861 to €96,489
- Tax, wage and social debts +€6,020
up €6,020 (+35.7%), from €16,875 to €22,895
of which Taxes: +€5,477
- Current portion of long-term debt +€2,422
up €2,422 (+51.9%), from €4,669 to €7,091
- Gross operating margin -€2,764
down €2,764 (-3.1%), from €89,616 to €86,852
- Depreciation +€1,814
up €1,814 (+53.9%), from €3,365 to €5,179
- Taxes -€1,565
down €1,565 (-12.7%), from €12,333 to €10,768
- Staff costs +€1,461
up €1,461 (+2.9%), from €50,086 to €51,547
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,759 | €196,351 | -€15,408 | -7.3% |
| Fixed assets | 21/28 | €76,922 | €84,127 | +€7,205 | +9.4% |
| Tangible fixed assets | 22/27 | €76,921 | €84,126 | +€7,205 | +9.4% |
| Land and buildings | 22 | €74,804 | €72,254 | -€2,550 | -3.4% |
| Plant, machinery and equipment | 23 | €1,828 | €3,137 | +€1,309 | +71.6% |
| Furniture and vehicles | 24 | €289 | €8,735 | +€8,446 | +2,922% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €134,837 | €112,224 | -€22,613 | -16.8% |
| Amounts receivable within one year | 40/41 | €81,399 | €62,738 | -€18,661 | -22.9% |
| Trade receivables | 40 | €21,315 | €20,572 | -€743 | -3.5% |
| Other amounts receivable | 41 | €60,084 | €42,166 | -€17,918 | -29.8% |
| Cash at bank and in hand | 54/58 | €201 | €670 | +€469 | +233% |
| Deferred charges and accrued income | 490/1 | €53,237 | €48,816 | -€4,421 | -8.3% |
| Total equity and liabilities | 10/49 | €211,759 | €196,351 | -€15,408 | -7.3% |
| Equity | 10/15 | €117,861 | €96,489 | -€21,372 | -18.1% |
| Reserves | 13 | €117,861 | €96,489 | -€21,372 | -18.1% |
| Distributable reserves | 133 | €117,861 | €96,489 | -€21,372 | -18.1% |
| Amounts payable | 17/49 | €93,898 | €99,862 | +€5,964 | +6.4% |
| Amounts payable after more than one year | 17 | €56,574 | €55,341 | -€1,233 | -2.2% |
| Financial debts | 170/4 | €56,574 | €55,341 | -€1,233 | -2.2% |
| Amounts payable within one year | 42/48 | €37,324 | €44,521 | +€7,197 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €4,669 | €7,091 | +€2,422 | +51.9% |
| Financial debts | 43 | €4,395 | €4,272 | -€123 | -2.8% |
| Credit institutions | 430/8 | €4,395 | €4,272 | -€123 | -2.8% |
| Trade debts | 44 | €11,385 | €10,263 | -€1,122 | -9.9% |
| Suppliers | 440/4 | €11,385 | €10,263 | -€1,122 | -9.9% |
| Taxes, remuneration and social security | 45 | €16,875 | €22,895 | +€6,020 | +35.7% |
| Taxes | 450/3 | €10,434 | €15,911 | +€5,477 | +52.5% |
| Remuneration and social security | 454/9 | €6,441 | €6,984 | +€543 | +8.4% |
| Non-recurring operating income | 76A | €5,517 | - | -€5,517 | |
| Remuneration, social security and pensions | 62 | €50,086 | €51,547 | +€1,461 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,365 | €5,179 | +€1,814 | +53.9% |
| Other operating charges | 640/8 | €1,179 | €1,623 | +€444 | +37.7% |
| Gross operating margin | 9900 | €89,616 | €86,852 | -€2,764 | -3.1% |
| Operating profit (loss) | 9901 | €34,986 | €28,503 | -€6,483 | -18.5% |
| Financial income | 75/76B | €2,768 | €2,771 | +€3 | +0.1% |
| Recurring financial income | 75 | €2,768 | €2,771 | +€3 | +0.1% |
| Financial charges | 65/66B | €4,661 | €4,443 | -€218 | -4.7% |
| Recurring financial charges | 65 | €4,661 | €4,443 | -€218 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €33,093 | €26,831 | -€6,262 | -18.9% |
| Income taxes | 67/77 | €12,333 | €10,768 | -€1,565 | -12.7% |
| Profit (loss) for the period | 9904 | €20,760 | €16,063 | -€4,697 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,760 | €16,063 | -€4,697 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.